secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0000950170-24-115939
Event type: dividend
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Basin Royalty Trust Announces $0.029986 October Distribution, Lower Volumes and Ongoing Blackbeard Dispute
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- Cash distribution of $0.029986 per unit payable Nov 15, 2024 to holders of record Oct 31, 2024; includes $267,781 from September Waddell Ranch proceeds.
- Distribution decreased from prior month due to lower Waddell Ranch proceeds and lower oil volumes/prices, partially offset by higher gas volumes/prices.
- Operator Blackbeard refused to provide NPI data for September 2024; Trustee lawsuit seeks over $25 million in damages; trial set for April 2025.
- Texas Royalty Properties contributed $1,234,959 from 16,103 bbl oil at $77.19/bbl and 7,106 Mcf gas at $10.02/Mcf.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000095017024115939/0000950170-24-115939-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000095017024115939/2024-10_permian_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-115939

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